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Argentina to Spend About $24 Billion
On Infrastructure Works by 2005

By

Helen MurphyDow Jones Newswires

Updated April 3, 2000 12:01 a.m. ET

BUENOS AIRES -- The government on Friday doubled to $24 billion the planned investment in infrastructure projects over the next five years to overhaul Argentina's crumbling road and rail networks and build new homes.

"It turned out that infrastructure needs much more money than first expected," said a spokesman for Infrastructure Minister Nicolas Gallo.